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Fed Governor Waller Advocates Moving ‘Methodically and Carefully’ with Rate Cuts

Fed Governor Waller Advocates Moving ‘Methodically and Carefully’ with Rate Cuts

by Phil Hall | Jan 16, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Federal Reserve Governor Christopher Waller said the U.S. economy was “within striking distance” of the central bank’s goal of a 2% inflation rate, but he cautioned against pushing for interest rate cuts until a lower inflation environment was sustainable....
Neil Wolitzer Tapped to Run Evercore’s Real Estate Investment Banking Group

Neil Wolitzer Tapped to Run Evercore’s Real Estate Investment Banking Group

by Phil Hall | Jan 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Evercore (NYSE: EVR), a New York City-based investment banking advisory firm, has hired Neil Wolitzer as a senior managing director in the real estate investment banking group. Wolitzer was formerly a partner and managing director in the real estate investment banking...
Subtext Launches Acquisitions Vertical

Subtext Launches Acquisitions Vertical

by Phil Hall | Jan 16, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Subtext, a St. Louis-based integrated real estate development company, has created of an acquisitions vertical as part of its strategic expansion and hired Mike Hung to lead this initiative as a partner and executive vice president of acquisitions. Based in Charlotte,...
Island Hospitality Management Creates Division Focused on Outdoor and Resort Hospitality

Island Hospitality Management Creates Division Focused on Outdoor and Resort Hospitality

by Phil Hall | Jan 16, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Island Hospitality Management, a third-party independent management company, has launched IHM Outdoors as a dedicated division focused exclusively on outdoor and resort hospitality. IMH Outdoors will focus on recreational vehicle (RV) resorts, vacation rentals,...
A Phil Hall Op-Ed: Do People Really Understand Economics?

A Phil Hall Op-Ed: Do People Really Understand Economics?

by Phil Hall | Jan 15, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed; Outside of this news site, I host a weekly radio talk on several Connecticut radio stations called “Nutmeg Chatter,” and my guest on this week’s program was Howard Yaruss, an economist, professor, attorney and businessman who authored a recently...
One in Five B2B Real Estate Deals Paid with Checks or Cash

One in Five B2B Real Estate Deals Paid with Checks or Cash

by Phil Hall | Jan 15, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Roughly one-quarter of B2B payments within the real estate industry are handled by cash or check, a larger percentage than any other industry. According to the study “The State of Real-Time Payments” published by PYMNTS Intelligence, nearly 21% of all B2B real estate...
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